Apple, for its part, just unveiled its third quarter earnings, and it had yet another powerful quarter. Right on the heels of that, Fortune has revealed its yearly Global 500 rankings.
On that list, which ranks the largest companies based on their yearly revenue, Apple has once again landed at the Number 15 spot. Last year, Apple earned the same placement within the power rankings. That puts Apple behind companies like Walmart, which sits at the top spot with over $485 billion in revenue, and Samsung (Electronics) at #13 and a revenue of $195 billion.
“After a bumpy start to 2014, Apple’s stock finished the year up 40%, adding nearly $200 billion to the company’s market value. A product pipeline that’s gotten Apple fanboys lining up all over again has certainly helped reenergize revenue growth: In addition to unveiling new categories like Apple Pay and Apple Watch, the company launched the iPhone 6, selling a record-breaking 10 million units in the first three days. As CEO Tim Cook recently told investors: “It’s tough to find something in the numbers not to like.” The normally low-profile Cook is breaking new ground in other ways too–in October, 2014 he came out as the first openly gay CEO of a Fortune 500 company.“
As far as profits, go, Apple sits higher on the list at #2 with $39.5 billion, behind only Industrial & Commer. Bank of China, with a profits of $44.7 billion.
Despite sitting at Number 15 in revenue, there’s no doubt that Apple is still moving forward with plenty of momentum and cash ready to go.
[via Fortune]
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